Elevator Pitch
I maintain my "Neutral" rating on Thailand-listed telecommunications company Total Access Communication Public Company Limited (OTCPK:TACYY) (OTC:TACJF) (OTC:TCCMF) [DTAC:TB] or DTAC.
The impact of the coronavirus pandemic on DTAC's 1Q2020 financial results has been mixed, with an increase in data usage with more people staying at home being offset by a decrease in monthly active users and international roaming revenue as a result of travel restrictions. Also, new relief measures introduced to help ease the financial burden for consumers relating to telecommunication services are not necessarily beneficial